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'Roberto Cavalli is not for sale' - says Damac

Dubai developer nixes rumours about an imminent sale of fashion label

Last updated: July 31, 2025 | 14:06

Manoj Nair, Business Editor

1 MIN READ

Damac has successfully integrated the Roberto Cavalli brand into some of its projects.

Bloomberg

Dubai: The Damac Group has no plans to sell the Roberto Cavalli brand.

This was asserted by the Dubai based developer to counter speculation that it was planning to divest the brand associated with edgy fashion. In recent years, Damac has co-opted the Cavalli brand into some of its developments in Dubai.

A Damac Group spokesperson said: “Since acquiring the Roberto Cavalli business in 2019, Damac have invested significantly in the growth and success of the company.

Also Read: Dubai property: Damac scores 'perfect goal' with Chelsea

"Roberto Cavalli is not for sale. As before, we remain interested in strategic partners who can add value to the business.”

At the time of the 2019 purchase, Damac has spoken about the possibilities of giving a fresh boost to the Cavalli brand, which had its heydays in the 1990s and 2010s.

Using the Cavalli motif, Damac Properties launched Damac Bay 1 at Dubai Harbour in January 2023. The project is scheduled for completion July 2027.

Manoj NairBusiness Editor

Manoj Nair, the Gulf News Business Editor, is an expert on property and gold in the UAE and wider region, and these days he is also keeping an eye on stocks as well. Manoj cares a lot for luxury brands and what make them tick, as well as keep close watch on whatever changes the retail industry goes through, whether on the grand scale or incremental. He’s been with Gulf News for 30 years, having started as a Business Reporter. When not into financial journalism, Manoj prefers to see as much of 1950s-1980s Bollywood movies. He reckons the combo is as exciting as it gets, though many will vehemently disagree.